ArcelorMittal has plans to set up 12 million tonnes per annum (MTPA) steel plant in Jharkhand at an estimated investment of Rs 50,000 crore

A central panel has asked Jharkhand to clarify soon whether the existing and proposed mining leases of ArcelorMittal for its planned Rs 50,000-crore plant in the state fell under a conservation reserve or not.

Govt reviewing the allocation of 61 blocks that have not started production

The inter-ministerial group, which is reviewing allocation of coal blocks, has decided to give more time to 10 companies to obtain final forest and environment clearance for the eight blocks that have not yet started production.

Hindalco’s Mahan coal block, along with some blocks of Tata Steel, Jindal Steel and Power and Reliance Power could be cancelled by an inter-ministerial group, which will meet on Friday. The cancellations would figure as part of the list of 61 blocks that were allocated to companies between 2005 and 2008.

Significantly, the cancellation for Mahan, if it happens, would be after it has got a go-ahead from the ministry of environment and forests recently. Aditya Birla Group company Hindalco and Ruia’s Essar have plans to develop the block jointly.